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20121129
20121207
Search Results 0 to 7 of about 8 (some duplicates have been removed)
straight to our senior congressional correspondent dana bash. she's watching what's going on. dana, the tax rates, first of all, let's get to a major sticking point right now. there's been a counterproposal from house republicans to the white house. you have details. >> reporter: that's right. let's start exactly where you just began on those tax rates because that has become the big divide between the two sides. the answer is the house republicans are not budging. they still want to continue the bush era tax rates at all income levels. let's get specific. first of all, the counterproposal, they say they would get about $800 billion in savings from what they call tax reform, from deductions and closing loopholes, things like that. but the bush era tax rates, all of them would remain, even for the wealthiest. to show you the difference, compared to the white house offer that they got last week, $1.6 trillion in savings when it comes to tax revenue. but much of that came from raising tax rates for the wealthiest americans, which of course is what president obama campaigned on. so those are th
was dismissing the white house proposal as a joke. cnn senior congressional correspondent dana bash joins us live from the capital. dana, what's the latest? >> reporter: well, joe, it turns out he laughed at geithner when he proposed the white house package which includes $1.6 trillion in tax increases. instead, today mcconnell floated to "the wall street journal" the idea of revenues by medicare and eligibility age, but democrats are very dug in. they say anything that doesn't include tax increases on the wealthy is a nonstarter. a day after getting a white house proposal the republicans greeted as a joke, they're not laughing. >> now, the white house took three weeks to respond with any kind of a proposal and much to my disappointment it wasn't a serious one. >> reporter: house speaker john boehner rushed to the cameras to respond to the president's campaign-style event at a suburban philadelphia toy factory where mr. obama tried to rally support for maintaining the bush-era tax rates for middle class americans but increasing tax rates for the wealthiest americans. >> i don't think it's accepta
congressional correspondent dana basch, she has the latest. >> reporter: there's so much political theater around here right now, you could say tickets. one of today's acts was the house leaving. lawmakers streaming out of the capitol hill, racing to their cars to get to the airport and go home. it's a scene you usually see on a thursday afternoon or friday morning, not wednesday at noon. >> good morning. >> house republican leaders told members they're free to leave, because they have nothing to vote on. >> i understand that you are saying legislation has been put on the floor. when it comes to just pure optics of the house leaving with the fiscal cliff right in front of us -- >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> in fact, sending lawmakers home is a way for house republicans to illustrate their current message, your move, mr. president. >> we need a response from the white house, we can't negotiate with ourselves. >> john boehner made a point at expressing dismay the president hasn't responded two
're now hearing it sounds like from republicans dana bash, our senior congressional correspondent, live for me, right now on capitol hill. what have you learned? >> reporter: that's right, brooke. we have breaking news. the house republicans have sent at this time a letter to the president with what they're calling a bold counterproposal. we'll leave it to others to decide whether or not that is the case. but the speaker himself came in to talk to a group of reporters who were gathered to get some details on this, and the speaker said that he thinks that this is, in his words, a credible offer, one that he hopes the white house takes seriously. and one that the white house responds to quickly. now, what is the offer? we have some specifics so we can give our viewers and i'm sure there are people out there watching this very, very closely, because the fiscal cliff is so close. first of all, they claim that what their plan would do would save $2.2 trillion. the key here, though, is we know that the big divide has been over those bush era tax rates. the white house wanting to extend -- exc
't go far enough, but republican critics say it goes way too far. dana bash is on capitol hill, watching all of this unfold. dana, what are you hearing? >> reporter: republican sources i'm talking to think maybe it's sort of the goldilocks scenario. if one side thinks it's too far, the other side thinks it's not far enough, maybe it's just right. the republican counteroffer calls for $ 800 billion in tax hikes. >> rates have to go up. >> reporter: but the fact that gop leaders proposed raising $800 billion in taxes is roughing many a feather in their own party. >> republicans should not be conceding that the federal government needs more money and treating the president's proposal like it's serious. >> reporter: senator jim demint is an anti-government, anti-tax purist who helps raise millions for conservative candidates, even against fellow republicans. >> there's some that want to go the politically expedient route to give the president what he wants to get out of this mess. >> reporter: he's hardly the only conservative upset. the conservative heritage action network said, call your r
treatment at the walter reed army medical center where he married his wife dana last year. they are planning to return to michigan to take their first steps as husband and wife. >> we both definitely want to move back here. so it will be nice and close to family. >> little do they know what wallwrath and kid rock have in store for their family. >> first of all, welcome home. >> thank you. >> thank you for your service. you have a brand new hom
Search Results 0 to 7 of about 8 (some duplicates have been removed)